Heh. But honestly gold is priced in USD also, but the value is being faked, manipulated by the paper gold market (all the metals are manipulated, except for afaik uranium). That being said, when fiat collapses, you will be left with gold and cryptpo. Crytpo still might have a value after usd collapses.
But if Information is the new currency of the digital world, you're MUCH better off investing in ethereum because it's the basis of running information structures thru smart contracts---you're buying parts of the digital highway, essentially. Bitcoin will just be a store of scarcity, and that may not be worth as much as information that is held by a similar scarcity
So my recommendation since you didn't ask--buy silver, gold, useful LAND (real estate), ethereum
True. If the value of the US dollar drops to nothiing due to infinity QE, hyperinflation and mistakes made by Biden (and Trump's fed to a degree), then bitcoin will similarly drop to zero in value and then the precious metals will again reign supreme as reserve currencies and they will correct their purchase power because the paper notes for these mineral will be equally worthless as they are traded in fiat and also found to be meaningless when people realize what SGTreport and Sean's guests know which is that there has been much more paper printed than the equivalent amount that has ever been mined, so they were issued fraudulently, and that fraud means ALL the paper is meaningless and must be torched.
Smells of BS from the start. Origins a sketchy. First a Japanese, then an Englishman claims to be the originator. It's really a ponzi scheme to its core. Just like paper gold.
The only money of real tangible value is hard specie money. That is what our Congress has the authority to do; coin our money. Yet they gave that authority to some criminal clowns.
I think bitcoin was hijacked.
Originally it had a purpose, and for this reason it will never go away. How many people who own bitcoin know how, or need, to make a dark market transaction? Investment vultures saw what was going on, and are inflating the value without intention of participating in the bitcoin environment. It's not a pure ponzy scheme, it's a hijacked ponzy scheme.
Eventually the bubble will burst, 75% will leave and bitcoin will (almost) go back to user dependent prices.
I've been saying this in many different ways for years. That being said, crytpo in some forms is not going away. For example, infrastructural coins, such as Ethereum, are the future. Anything using smart contracts are already laying down the road for the future. Bitcoin, however, I believe is a trapdoor, designed to siphon away US dollars from people as tulip mania. Any crypto that is just a 'store of value', that uses proof of work, is essentially a way for the energy sector to justify moving to nuclear and having the people fund it by manipulating the fiat exchange rate of store of value cryptos from behyind the exchanges
Mysterious nobody "Satoshi Nakamoto" aligns some 1's and 0's in a computer via "blockchain" (or so this highly suspect story goes) A virtual unit of nothing, backed by no one... people randomly decide to adopt internet stranger's made up currency (nothing strange about that), and then a bunch of scumbags psychologically "high-anchor" it on the public:
Not going to lie, you sound like you don't understand a lick of the underlying technology, or the history of cryptocurrency and why bitcoin was groundbreaking when it came out.
It's not even that complicated. Bitcoin is just a secure system of IOUs, with a decentralized ledger. That's it. I think of that scene from dumb and dumber because IOUs are such a silly idea. But bitcoin moves billions per day through such a system.
Was the printing press a psy-op too? What about the telephone? I guess the internet must be a psy-op! All bitcoin did is disrupt the way money is stored and exchanged.
I'll give you that it's changed how money and contracts work, and it's IS a very interesting and exciting technology, but there are some serious problems and dishonesties about how it works and what it will do.
People cay bitcoin is anonymous, but like you said, it's not...it's a shared ledger. It's at best pseudoanonymous (numbered accounts). There goes the anonymous argument.
Monero has anonymity, and that's why GOVERNMENTS will not allow banks and exchanges to buy/sell monero (and Dash and others with monero's technology). There goes the "foils governments" argument.
Invented by a genius. It was created by the NSA, not satoshi notexistimoto. There goes the 'anarchichal technology' argument
the NSA can crack wallets easily--they only release encryption that they can compromise, and the encryption behind the blockchains was developed 30+ yrs ago by the NSA. Even if they didn't (say custom private blockchain with obscure encyrption), they'd still be able to crack with dwave and prism, texas cryptologic facility.,,, if they wanted to, they' could unzip the entire blockchain, but there is no motivation to...yet. There goes the "secure" arguement
People saying that sha256, sha512 can't be cracked...they are wrong. They don't understand the abilities of the NSA or quantum computers. There goes the "secure" arguement.
There are blockchains being developed, a notable one being "Quantum Resistant Ledger" developed in switzerland. It's currently very obscure--but this uses a merkle chain based algorithm that resists being cracked in the same way as the other sha and aes/pki based algorithms "The QRL utilizes a hash-based eXtended Merkle Tree Signature Scheme (XMSS) instead of ECDSA, which is reportedly vulnerable to quantum attacks and found in many other blockchain projects" -- Dwave / quantum computers undoes the "secure" argument...for now. This QRL is a project to look into. On the board is a guy with a PhD in post quantum cryptography and several other incredibly interesting and very smart people.
If the NSA can do it (quantum computers), UK, China and Russia very likely can also. They have their own competitive NSAs. We know China is a leader in quantum computers right now, with "instant communications" based on quantum tunnelling / entanglement that they allegedly are putting into a satellite system (if they haven't already)
The proliferation of over 200 blockchains says to me that competition is alive and well...and SO IS CON ARTISTRY
Who owns the exchanges?
How do the exchanges have the same exchange rate price of crytpo to USD? VERY IMPORTANT ANSWER
AI exists, and so do AI trading bots. And so do bot armies. And the people who run the exhanges, can trade--even without making official transactions in crypto--from behind the exhcnage with each other in a feeless manner, since those who run the exchanges also run the bot armies...they can transact a million ways from sunday and then "Settle" in tandem, either when they all reach a settled upon goal or in regular intervals (say time of day, or one day a week)....this gives them GREATER advantage over everyone else in playing the market, and it makes it so that they can manipulate the exchange value of a crytpto, by working together with a vast number of trades in order to make the price go higher or lower
Remember: AI does not have guilt or fear....it's trying to achieve a goal. It's willing to lose 50% of it's liquid capitol in order to make 200% more; because of this, they can manipulate the market
IN fact, because of the "greater fool" mentality and the fact that these people have nearly unlimited money, they could manipulate the market to cause a crash and then invest. They call this pump and dump, and the AIs could do it VERY well... in fact they could sell short and then CAUSE a crash, and then make the money and reinvest and keep pumping and dumping---I believe they are already doing this
you MUST find out WHO SETS THE EXCHANGE RATE of CRYPTO --- this is the single most important question you must ask for cyrptocurrency
You lost me around bullet four because you're not really addressing my post with this pile of points that gets increasingly more random. Then I started laughing when you said "AI exists" ... You sound like the people who say to "follow the science."
I assure you, AI is not any more real than advanced statistics. Seriously, just like bitcoin it's not overcomplicated and there's no reason to overcomplicate it. Even the most advanced "AI" and machine learning is just statistics (albeit fast statistics) under the covers. There's no ground breaking paradigm shift like there was with technology like the internet, or bitcoin, or the printing press.
But really, you can't just spew a bunch of monologue and platitudes with semi-relared topics and expect me to do anything constructive with it. I don't know what else to tell you except that you sound paranoid about a lot of this stuff and your fear is preventing you from forming a more solid picture and understanding of things. I'm happy to discuss how I disagree that bitcoin is a psy-op, but bringing quantum computers, encryption, and AI into the picture before those topics even come up just makes you look like Charlie in the Pepe Silvia episode.
I'm not sure I understand your angle. All I've done is show a rudimentary understanding of the topic at hand, something your post failed to do. There's no religion to understanding technology.
Sure, Satoshi is peculiar, I'll bet there's something nefarious with the group that actually created the white paper, as if releasing it under a pseudonym protected them from the usual trade laws associated with money.
But come on man. Your rebuttal is that it's a religion? How is this place ever going to take off when that's the level of discussion you want to have?
The part about crypto that is scary is that isnt controlled by the globalist cabal that owns the monetary system. Therefore, they'll either cancel it or subvert it.
People use it to get around payment processors, and don't pay taxes on the gains back into dollars. You dont make anything if You don't exit into dollars.
It has helped people who've been banned from paypal, visa, mastercard, and dont have a bank account, so there's that.
I do agree that the potential for trouble from the Feds' ability to make allegations of tax evasion, financing terrorism, drug trafficking or human trafficking is concerning.
Bitcoin will tank soon because now every major institution is getting involved. They will let it run a little more but they will leave people low at the end. That's not to say crypto has use and a purpose. Decentralized currency will boom a little longer
Heh. But honestly gold is priced in USD also, but the value is being faked, manipulated by the paper gold market (all the metals are manipulated, except for afaik uranium). That being said, when fiat collapses, you will be left with gold and cryptpo. Crytpo still might have a value after usd collapses.
But if Information is the new currency of the digital world, you're MUCH better off investing in ethereum because it's the basis of running information structures thru smart contracts---you're buying parts of the digital highway, essentially. Bitcoin will just be a store of scarcity, and that may not be worth as much as information that is held by a similar scarcity
So my recommendation since you didn't ask--buy silver, gold, useful LAND (real estate), ethereum
That's true for any physical holding, which is why firearms and ammunition should be on the list too.
If an overwhelming force comes after it, then salt the land and burn the rest.
You can only own what you can defend. Which should be a 300-1000 yard circle depending on investment
Bitcoin is the honeypot to get people to like crypto currencies. It is controlled fiat money ( b it coin= fiat money).
Didnt all the fanbois accept paper currency and give up gold, silver etc
You are all stupid fan boi's I guess?
True. If the value of the US dollar drops to nothiing due to infinity QE, hyperinflation and mistakes made by Biden (and Trump's fed to a degree), then bitcoin will similarly drop to zero in value and then the precious metals will again reign supreme as reserve currencies and they will correct their purchase power because the paper notes for these mineral will be equally worthless as they are traded in fiat and also found to be meaningless when people realize what SGTreport and Sean's guests know which is that there has been much more paper printed than the equivalent amount that has ever been mined, so they were issued fraudulently, and that fraud means ALL the paper is meaningless and must be torched.
With that being said... Do anyone of you really understand Bitcoin?
Also if the feds want to force us into digital Crypto they can with a snap of a finger... They're just enjoying the ride before said snap of a finger!
Smells of BS from the start. Origins a sketchy. First a Japanese, then an Englishman claims to be the originator. It's really a ponzi scheme to its core. Just like paper gold.
The only money of real tangible value is hard specie money. That is what our Congress has the authority to do; coin our money. Yet they gave that authority to some criminal clowns.
And here we are now, full blown fiat.
I think bitcoin was hijacked. Originally it had a purpose, and for this reason it will never go away. How many people who own bitcoin know how, or need, to make a dark market transaction? Investment vultures saw what was going on, and are inflating the value without intention of participating in the bitcoin environment. It's not a pure ponzy scheme, it's a hijacked ponzy scheme.
Eventually the bubble will burst, 75% will leave and bitcoin will (almost) go back to user dependent prices.
I've been saying this in many different ways for years. That being said, crytpo in some forms is not going away. For example, infrastructural coins, such as Ethereum, are the future. Anything using smart contracts are already laying down the road for the future. Bitcoin, however, I believe is a trapdoor, designed to siphon away US dollars from people as tulip mania. Any crypto that is just a 'store of value', that uses proof of work, is essentially a way for the energy sector to justify moving to nuclear and having the people fund it by manipulating the fiat exchange rate of store of value cryptos from behyind the exchanges
Not going to lie, you sound like you don't understand a lick of the underlying technology, or the history of cryptocurrency and why bitcoin was groundbreaking when it came out.
It's not even that complicated. Bitcoin is just a secure system of IOUs, with a decentralized ledger. That's it. I think of that scene from dumb and dumber because IOUs are such a silly idea. But bitcoin moves billions per day through such a system.
Was the printing press a psy-op too? What about the telephone? I guess the internet must be a psy-op! All bitcoin did is disrupt the way money is stored and exchanged.
I'll give you that it's changed how money and contracts work, and it's IS a very interesting and exciting technology, but there are some serious problems and dishonesties about how it works and what it will do.
On the creation story, how can you be so sure it was an agency? Perhaps you are over-estimating their capabilities for creative thought.
You lost me around bullet four because you're not really addressing my post with this pile of points that gets increasingly more random. Then I started laughing when you said "AI exists" ... You sound like the people who say to "follow the science."
I assure you, AI is not any more real than advanced statistics. Seriously, just like bitcoin it's not overcomplicated and there's no reason to overcomplicate it. Even the most advanced "AI" and machine learning is just statistics (albeit fast statistics) under the covers. There's no ground breaking paradigm shift like there was with technology like the internet, or bitcoin, or the printing press.
But really, you can't just spew a bunch of monologue and platitudes with semi-relared topics and expect me to do anything constructive with it. I don't know what else to tell you except that you sound paranoid about a lot of this stuff and your fear is preventing you from forming a more solid picture and understanding of things. I'm happy to discuss how I disagree that bitcoin is a psy-op, but bringing quantum computers, encryption, and AI into the picture before those topics even come up just makes you look like Charlie in the Pepe Silvia episode.
I'm not sure I understand your angle. All I've done is show a rudimentary understanding of the topic at hand, something your post failed to do. There's no religion to understanding technology.
Sure, Satoshi is peculiar, I'll bet there's something nefarious with the group that actually created the white paper, as if releasing it under a pseudonym protected them from the usual trade laws associated with money.
But come on man. Your rebuttal is that it's a religion? How is this place ever going to take off when that's the level of discussion you want to have?
Good grief.
Blockchain ledger = non anon
The part about crypto that is scary is that isnt controlled by the globalist cabal that owns the monetary system. Therefore, they'll either cancel it or subvert it.
People use it to get around payment processors, and don't pay taxes on the gains back into dollars. You dont make anything if You don't exit into dollars.
It has helped people who've been banned from paypal, visa, mastercard, and dont have a bank account, so there's that.
I do agree that the potential for trouble from the Feds' ability to make allegations of tax evasion, financing terrorism, drug trafficking or human trafficking is concerning.
Hard assets are the way to go, if you can defend hard assets then have hard assets.
Bitcoin will tank soon because now every major institution is getting involved. They will let it run a little more but they will leave people low at the end. That's not to say crypto has use and a purpose. Decentralized currency will boom a little longer
Money laundering is more like it.
Unpopular opinion..
What choice do we have once it's forced?
This thread is a retard honeypot.